- For Sale $1,075,000
- Property Type Other
- Date Updated Sep 11, 2025
Located in one of Long Beach’s most sought-after development zones and within a designated transit corridor, this corner-lot property presents a fully entitled opportunity to build a ±13,000 SF, 14-unit apartment complex. The planned three-story project features three affordable units and offers desirable amenities, including in-unit washer/dryers, dishwashers, a rooftop community space, and elevator access. Notably, the development requires no on-site parking, streamlining design and cost efficiency.
The site is currently occupied by a smog center operating on a month-to-month lease at $2,200/month, providing holding income during the pre-development period. Soil remediation and hazard cleanup are already underway, and the plans have been conditionally approved, allowing an incoming developer to proceed swiftly with construction.
Additional upside may be realized through potential land assemblage, as the adjacent owner controls four contiguous parcels totaling an additional 28,588 SF. There's also further income potential if the very-low and moderate-income units are leased through Section 8, offering attractive rental subsidies.
This is a rare chance to step into a shovel-ready multifamily development in a high-demand, transit-oriented Long Beach location with multiple avenues for future value creation.
Highlights:
- Potential land assemblage (adjacent owner owns four contiguous parcels totaling an additional 28,588 sqft)
- Located in a highly desired development zone and identified transit corridor
- Plans are conditionally approved, with soil and hazard clean-up underway
- Additional rental opportunity if Very-Low Income and Moderate income units are rented to Section 8 housing
Reach out to the broker for more info on lease terms and amenities
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Location
Getting Around
-
Walk Score ®
68/100 Somewhat Walkable
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Transit Score ®
60/100 Good Transit
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Bike Score ®
71/100 Very Bikeable
- City Long Beach, CA
- Neighborhood Memorial Heights
- Zip Code 90807
- Market Los Angeles
Points of Interest
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Wardlow
0.61 miles
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Pacific Coast Highway
1.61 miles
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Anaheim Street
2.13 miles
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5th Street
2.71 miles
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Del Amo
2.71 miles
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Pacific Avenue
2.80 miles
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Long Beach Boulevard
7.84 miles
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Willowbrook/Rosa Parks
8.46 miles
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Avalon
9.04 miles
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103rd Street/Watts Towers
9.49 miles
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Arco
0.45 miles
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eVgo
0.46 miles
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Mobil
0.61 miles
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76
1.35 miles
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Chevron
1.40 miles
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Costco Gasoline
1.52 miles
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Blink Charging Station
3.28 miles
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EVgo
3.94 miles
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Blink
4.48 miles
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ChargePoint
5.92 miles
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Employee parking
0.16 miles
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Parking structure
0.25 miles
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W1 West Lot, Todd Cancer Patient Parking
0.30 miles
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Emergency Department Parking
0.31 miles
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Physician Parking Structure
0.36 miles
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Metro Park and Ride
0.40 miles
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Employee Parking
0.42 miles
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Parking structure for Visitors, Employee, Volunteers
0.43 miles
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Visitor Parking
0.46 miles
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Ronald McDonald House
0.50 miles
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THE COVE HOTEL
0.61 miles
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The Cove Hotel, Ascend Hotel Collection
0.61 miles
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Sunshine Motel
1.00 miles
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Hotel Salina
1.03 miles
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Tower Motel
1.61 miles
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Best Western of Long Beach
1.66 miles
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Poolside Inn Motel
1.66 miles
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Colonial Motel
1.67 miles
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El Capitan Motor Inn
1.67 miles
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In-N-Out Burger
0.38 miles
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Jack in the Box
0.43 miles
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Applebee's
0.47 miles
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Hong Cong Express
0.49 miles
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Jersey Mike's Subs
0.49 miles
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L&L Hawaiian Barbecue
0.49 miles
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Waba Grill
0.50 miles
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Chipotle
0.50 miles
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Papa John's
0.50 miles
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Nice Burger
0.51 miles
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Jackie Robinson Academy
0.40 miles
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Opportunities For Learning
0.60 miles
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Birney Elementary School
0.67 miles
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Holy Innocents School
0.68 miles
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Lafayette Elementary School
0.86 miles
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Burroughs Elementary School
0.88 miles
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Burnett Elementary / Bobbie Smith Elementary
1.05 miles
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Longfellow Elementary School
1.08 miles
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Muir Elementary School
1.19 miles
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Hughes Middle School
1.21 miles
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Oak Wood Academy
1.09 miles
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A Village Child Care
3.42 miles
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Great Beginnings
3.43 miles
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Artesia Head Start
4.01 miles
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The Learning Box Childcare & Enrichment Center Inc
5.80 miles
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injoy life
6.04 miles
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Tiny Heartz Daycare LLC
6.85 miles
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Rancho Los Amigos Daycare
7.93 miles
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Little Stars
8.56 miles
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YMCA After School Program
9.10 miles
Frequently Asked Questions
The space currently listed for sale at 3061 Long Beach Blvd asks for $1,075,000.
3061 Long Beach Blvd totals 6,750 square feet.
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NRE Commercial | CRE Advisors